We ran a full detail of the activity in SEQUENOM, Inc. (NASDAQ: SQNM) of the rumors that are driving the stock this morning over at BioHealthInvestor.com.Â And the volume is already at a full day’s volume after just oiver an hour…. At 10:58 AM EST we have seen 12.8 million shares trade hands on a 12.5% gain to $5.94.Â Average volume here is only 10.4 million shares, and the 52-week trading range is $2.86 to $29.14.Â CALL Options are trading through the roof in trading volume as well… We have already seen over 18,000 call option contracts trade hands for the SEPT-2009 expiration alone.Â As with all stocks moving on rumors, you are on your own. -JON OGG

BJ Services Company (NYSE: BJS) is surging on a deal in the oil patch… Baker Hughes Inc. (NYSE: BHI) is acquiring the company for what is supposed to be a 16% premium around $5.5 billion, but in a deal thgat greatly discounts it last year’s highs.Â The deal is mostly in stock and the BJ Services holders will have ownership of close to 27% of the new combined operation if the holders approve the merger.Â BJS shares are up 11% at $17.17 on over 3 million shares of common stock at 8:54 AM EST. At the same time, Baker Hughes is trading down 3.75% at $36.66 on about 800,000 shares.Â -JON OGG